Friday, December 5, 2008

A Letter To Our Local Representative

Dear Representative McCotter,

In regards to the bridge loans of some $25 Billion to Chrysler, GM and Ford (Big 3), I support these loans as a business person and taxpayer. I do have one stipulation that I believe is critical to the success of the loans, as it is important to American Manufacturing and its Workers. The Government loan to the "Big 3" should also be tied to their purchasing domestically, which has not been addressed. If the "Big 3" are allowed to continue to increase their purchasing of parts offshore then their gain will continue to diminish the number of manufacturing jobs and companies in America. These American companies create jobs for the skilled workforce who do not attend universities to become professionals. These jobs are critical to the middle class taxpayer's standard of living and have always been supported by the automotive, appliance, machinery, and transportation industries.

To be considered "American Made" there needs to be a minimum percentage of 75% of all parts that are used in each automobile or truck that must be produced in the U.S.A. by an American owned company.

This additional clause in the Government Bridge Loan to the "Big 3" would be a critical step in helping Michigan and America to a long term economic recovery.

Thank you for your support,
J. M. Chain
President & CEO
Almetals Inc.
Chain Industries, Inc.
Chain Oil Co. Inc.
Wixom, MI 48393
http://almetals.com/Coil_Suppliers/what.html